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these costs reduce the tax burden in both countries. the delegates also proposed measures to give tax bodies access to information without asking. >> what we are expecting is to get all the 120 jurisdictions on request to do it on an automatic basis. >> they agreed to tighten regulations. operating outside the regular banking system, they agree on a time plan for action. leaders agree to fight youth unemployment by creating shots and promoting growth. economies agreed to contribute $100 billion to a joint currency reserve will to help counter turbulence. the indian rupee is one of the currencies losing value against the u.s. dollar. investors are pulling their money out of the emerging economies because of deteriorating economic conditions there. >> european shares ending the week on a positive note. we have more from frankfurt. >> we have sent a clear signal to share markets as people have hoped for. they went down to 7.3% which has been better than expected. a number of created jobs have been poorer than people thought before. this mi
these costs reduce the tax burden in both countries. the delegates also proposed measures to give tax bodies access to information without asking. >> what we are expecting is to get all the 120 jurisdictions on request to do it on an automatic basis. >> they agreed to tighten regulations. operating outside the regular banking system, they agree on a time plan for action. leaders agree to fight youth unemployment by creating shots and promoting growth. economies agreed to contribute...
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Aug 24, 2013
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the tax man is happy. >> well, in the ease of prayers, they were blasted into death. dozens of people in lebanon died friday when car bombs exploded outside to mosques. >> it happened in the northern city of tripoli and marks the biggest escalation of sectarian violence since the war began in serious two years ago. >> we will go live to beirut in just a moment, but first, our report on the blast, and many viewers may find the images disturbing. >> cctv footage shows sunnis praying in central tripoli moments before a car bomb explodes outside. people rush to escape falling debris. smoke billowed from the car which concealed the bomb. passersby tried to extinguish the flames and help the wounded. almost at the same time, a bomb exploded near tripoli's port about two kilometers away. authorities suspect the blast were coordinated terror attacks designed to deepen sectarian divisions in lebanon. dozens of people were killed and hundreds wounded. the city's hospital struggled to care or so many people being brought in at once. many were in critical condition. >> so far, no
the tax man is happy. >> well, in the ease of prayers, they were blasted into death. dozens of people in lebanon died friday when car bombs exploded outside to mosques. >> it happened in the northern city of tripoli and marks the biggest escalation of sectarian violence since the war began in serious two years ago. >> we will go live to beirut in just a moment, but first, our report on the blast, and many viewers may find the images disturbing. >> cctv footage shows...
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Aug 10, 2013
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the plan also includes tax incentives for businesses that reinvest profits and refrain from cutting workers. onto the markets, and after suffering declines, our correspondents send us the summary of the friday trading session at the frankfurt stock exchange. >> shares were gaining, but not overwhelmingly so. that makes it very difficult to predict whether rich chinese will continue to spend money for german cars as generously as they used to. he trading week here in frankfurt ended slightly lower, and traders are not convinced whether next week's earnings report will manage to change the mood significantly. companies will present their earnings to two large utilities. all of these companies have been facing a difficult time recently. >> we stay in frankfurt for a closer look at the closing numbers in frankfurt. the dax up by .20 five percent. euro stoxx 50 up by .3%. across the atlantic, the dow currently off by .4%. the euro trading at a value of $1.3343. >> all right, news now of a prestige project that is in danger of becoming a huge embarrassment for germany. >> the country's first comm
the plan also includes tax incentives for businesses that reinvest profits and refrain from cutting workers. onto the markets, and after suffering declines, our correspondents send us the summary of the friday trading session at the frankfurt stock exchange. >> shares were gaining, but not overwhelmingly so. that makes it very difficult to predict whether rich chinese will continue to spend money for german cars as generously as they used to. he trading week here in frankfurt ended...
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not all bad, but that's terrible because for the average compensation for part- time -- >> thanks to tax subsidies under obamacare, insurance premiums will be affordable even for young healthy people. >> susan. >> syria resolution does not pass congress. >> syrian resolution does not pass but obama goes forward anyway. >> kevin rudd will be defeated by the conservative candidate toniable got. don't forget. you can -- tony abbott. don't forget you can watch the the mcglaughlin group any time day or night on the web. mclaughlingroup.com. bye bye.
not all bad, but that's terrible because for the average compensation for part- time -- >> thanks to tax subsidies under obamacare, insurance premiums will be affordable even for young healthy people. >> susan. >> syria resolution does not pass congress. >> syrian resolution does not pass but obama goes forward anyway. >> kevin rudd will be defeated by the conservative candidate toniable got. don't forget. you can -- tony abbott. don't forget you can watch the the...
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May 22, 2013
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system and every tax system. fornstance, the united states ys tt a company should be taxed wreit's based. for instance, if you have a subsidiary in ireland than ireland should collect taxes on your revenue. ireland, on the other hand, says is company should be taxed based on where it's controlled out of. so if it's run by people in california, then united states should tax you. apple was able to take advantage of these conflicting philosophies and say "we've got a company that's technically incorporated in ireland, it's run by people out of california and so there's no taxing authority." and as a result, many of it -- many of its suidiaes don't y a taxes on tens of billions of dollars of revenue and, in fact, don't even file tax returns to anyone on earth because they slip through these cracks. >> warner: now the atmosphere at that hearing with one exception was pretty much very critical of apple. what was happen's defense, tim cook's defense other than we do everything -- we pay what we legally owe? >> that's ex
system and every tax system. fornstance, the united states ys tt a company should be taxed wreit's based. for instance, if you have a subsidiary in ireland than ireland should collect taxes on your revenue. ireland, on the other hand, says is company should be taxed based on where it's controlled out of. so if it's run by people in california, then united states should tax you. apple was able to take advantage of these conflicting philosophies and say "we've got a company that's...
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Mar 21, 2013
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they lose tax revenues. they are mandated legally to run a balanced budget so at the time same time consumers and red soxes pull back the government is. in washington, starting in 2011, with the negotiations between the house republicans and the white houses, the house republicans have insisted on big cuts and have woniguts and that's why we have austerity and will have more this year. >> rose: if the fed wanted to reduce unemployment from seven to whatever it is-- seven. could they do that? do they have the tools to do that? >> no. i don't think so. they're down to incremental policies. i think they know that. ben bernanke and janet yellen, and otheres, are constantly arguing-- correct, i think-- but they tend to put the best face on it as they can, we still have effective policy instruments, we can stillgivehecony a boost. but you're talking in the desmalplace of the growth rate. there is nothing left in the fed's arsenal, i don't think that could as a half a point to the growth rate. that's not that much
they lose tax revenues. they are mandated legally to run a balanced budget so at the time same time consumers and red soxes pull back the government is. in washington, starting in 2011, with the negotiations between the house republicans and the white houses, the house republicans have insisted on big cuts and have woniguts and that's why we have austerity and will have more this year. >> rose: if the fed wanted to reduce unemployment from seven to whatever it is-- seven. could they do...
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Feb 7, 2013
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service. 70%-plus of americans consistently say the postal service, who takes no money now-- we get no tax money-- shouldn't get a tax bailout and should live within their means, meaning if twee need to eliminate delivery on saturday we do. now, our proposal is to eliminate delivery of mail but to continue to deliver packages, which clud medicine forhe eldey a handicapped and the rural areas. and that's what our customers have told us. last year we made some changes. post offices. we talked about having to close small, nonprofitable postal offices. we spent a lot of time in the field and herd back from crust mers. they said we don't care if you shrink the opening, just keep the it open. here's the problem we're facing, jeff reerk no matter what anybody thinks on this-- people payills online. in the year 2003, we delivered 51 billion-- with a "b--" pieces of stamped mail out of the mailbox. this year it will be 21 billion. 30 billion pieces in less than 10 years at 46 cents apiece say differential in that group of $14 billion. nobody is stepping up saying i'll take a pay cut that makes thos
service. 70%-plus of americans consistently say the postal service, who takes no money now-- we get no tax money-- shouldn't get a tax bailout and should live within their means, meaning if twee need to eliminate delivery on saturday we do. now, our proposal is to eliminate delivery of mail but to continue to deliver packages, which clud medicine forhe eldey a handicapped and the rural areas. and that's what our customers have told us. last year we made some changes. post offices. we talked...
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then american tax dollars are being terribly wasted. >> rose: let me summarize and go point by point here. dexter filkinsid a very good piece quoting you among others. >> yes. >> rose: (laughs) he said -- this is what -- a summary of what he said. that this is the administration's point of view. it will be hard to actually destroy assad's chemical arsenal. hard to destroy it. >> i totally agree. i totally agree. but wouldn't it have been easier to secure these chemical weapons sites two years ago than it is today because we know assad is moving this stuff all around and that makes it een more difficult. this is a huge problem these chemical stocks. and we have to work with an international coalition in my view if we expect to have any opportunity of getting these chemical weapons under control which, by the way, we didn't get the weapons under control in libya and now those weapons are fred saul over the middle east. >> rose: that's the biggest risk here, isn't it? >> it's huge. i do believe hezbollah would hesitate under circumstances to use a chemical weapon on israel. i don't thin
then american tax dollars are being terribly wasted. >> rose: let me summarize and go point by point here. dexter filkinsid a very good piece quoting you among others. >> yes. >> rose: (laughs) he said -- this is what -- a summary of what he said. that this is the administration's point of view. it will be hard to actually destroy assad's chemical arsenal. hard to destroy it. >> i totally agree. i totally agree. but wouldn't it have been easier to secure these chemical...
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they don't pay many payroll taxes. they don't pay overtime in many cases. do things like that go into your calculation? >> yes, absolute. what happens is when workers' productivity increases 25%, you see a couple of things that happen simultaneously. on the one hand, you see a tremendous increase in the production of goods and services, expanding the american economy. at the same time, the formerly undocument read earning so much more they're spending much more and that causeaise demand effect where you see business sales increases. when their sales increase they produce more and they hire more workers and you see the jobs for americans go up and the incomes for americans as well. you have to take into consideration not just what happened to undocument but native americans, both employers and american workers. >> suarez: does it become more expensive to do business if this big change in the nature of the american workforce? >> well, i don't think it it will be because the bill also imports large numbers of low-skill immigrants, in addition tho those that ar
they don't pay many payroll taxes. they don't pay overtime in many cases. do things like that go into your calculation? >> yes, absolute. what happens is when workers' productivity increases 25%, you see a couple of things that happen simultaneously. on the one hand, you see a tremendous increase in the production of goods and services, expanding the american economy. at the same time, the formerly undocument read earning so much more they're spending much more and that causeaise demand...
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the house passed its bill which included obamacare delay provision, something on the tax, the senate is going to take it up. they're not going to-- they're going to pass what they call a clean cr which doesn't include any of those extraneous matters. the house will resist that and probably have a government shutdown whether it goes on for a couple days or goes on long other is the big question. and what kind of a face-saving compromise can you come up with for john boehner who does not have control of his caucus. charlie, quickly, the difference between this potential shutdown in 1995 and 1996 really is quite stark. in '95 and '96 gingrich and clinton thought they both had the stronger hand, they could take on the other and they knew it was going to be a high risk game. that somebody would win. but there were risks. this time many republicans are dying for a shutdown. they really are going to celebrate a shutdown that makes a compromise much, much harder. >> david, do you agree with that? >> dido. it's a very strange situation. this seems to be the law that we can never stop fighting
the house passed its bill which included obamacare delay provision, something on the tax, the senate is going to take it up. they're not going to-- they're going to pass what they call a clean cr which doesn't include any of those extraneous matters. the house will resist that and probably have a government shutdown whether it goes on for a couple days or goes on long other is the big question. and what kind of a face-saving compromise can you come up with for john boehner who does not have...
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by taxing depositors, they actually have the ability to also tax nonresidents, as we saw in your clip just now. there's a lot of british there but there are even more russian depositors so in that sense you actually end up having the ability to bring in tax revenue from non-cyprusians. that's a big advantage for the government of cyprus because this is money that otherwise they would have had to raise by cutting pensions or other types of austerity measures. >> woodruff: the russians and others stand to be hurt pretty badly by this. >> basically that's part of the strategy or the intent of both the euro area, the i.m.f. and the cyprusian government. >> woodruff: but the signal that sends, i mean, what's the message it sends to the rest of europe? i mean, how worried should they be that what's going on in cyprus and we don't know how this is going to play out because the banks are closed for the next few days. how worried should the rest of the banks in europe be? >> i don't think there's an immediate risk of sort of contagious bank run in other european countries in spain or italy. be
by taxing depositors, they actually have the ability to also tax nonresidents, as we saw in your clip just now. there's a lot of british there but there are even more russian depositors so in that sense you actually end up having the ability to bring in tax revenue from non-cyprusians. that's a big advantage for the government of cyprus because this is money that otherwise they would have had to raise by cutting pensions or other types of austerity measures. >> woodruff: the russians and...
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senate moved to let states charge sales tax for purchases made online. the measure faces uncertain prospects in the house. >> brown: online, how a young detroiter is tackling a serious issue in her city and beyond. hari sreenivasan tells us more. >> sreenivasan: armed with only a few sewing machines, 23-year- old veronika scott set out to help the homeless in her community. today, her business employs 10 formerly homeless women who make coats that also double as a sleeping bag. read more about her in our social entrepreneurship series. and for a primer on tomorrow's special house election in south carolina, political editor christina bellantoni chatted with jon ward of the huffington post. watch that conversation in the rundown. all that and more is on our web site, newshour.pbs.org. reporting tell us how watergate impacted your life or changed the way you saw government or the media. call our oral history hot line at 202-599-4pbs or go to our home page for details on how to leave your message. all that and more is on our web site, newshour.pbs.org. ray?
senate moved to let states charge sales tax for purchases made online. the measure faces uncertain prospects in the house. >> brown: online, how a young detroiter is tackling a serious issue in her city and beyond. hari sreenivasan tells us more. >> sreenivasan: armed with only a few sewing machines, 23-year- old veronika scott set out to help the homeless in her community. today, her business employs 10 formerly homeless women who make coats that also double as a sleeping bag. read...
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also snubbed was virginia governor bob mcdonnell, who is raising taxes to pay for a transportation plan in his state. all of which leaves conservatives facing a key question: how to unify behind a central message that moves the republican party forward? veteran republican pollster whit ayres says it will take more than tinkering. >> it is delusional to think that we had the right message and we just haven't communicated it effectively. you don't lose five of the last six presidential elections in the popular vote if you have got the right message. so we need new message, new messengers and a new tone. >> reporter: francesca chambers is editor of the conservative blog "red alert politics." she says the effort must involve more outreach to young people and minorities, but she acknowledges that will take time. >> that is not necessarily going to happen in three months time. i think that it's unfair to say, "oh, the election was in november and we don't see big changes, sweeping changes happening yet." i think that everyone needs some time to make these things happen and we have got four ye
also snubbed was virginia governor bob mcdonnell, who is raising taxes to pay for a transportation plan in his state. all of which leaves conservatives facing a key question: how to unify behind a central message that moves the republican party forward? veteran republican pollster whit ayres says it will take more than tinkering. >> it is delusional to think that we had the right message and we just haven't communicated it effectively. you don't lose five of the last six presidential...
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apple says it is the largest tax payer in the u.s. at $6 billion and its strategies are legal. its ceo tim cook is expected to testify at a senate hearing tomorrow. boeing's new 787 dreamliner is airborne again in the u.s., four months after being grounded over battery issues. united airlines flew one of the new jets on a houston to chicago route this morning. the company said its dreamliners will resume international flights next month. in january, the worldwide fleet of 787's was grounded after incidents of the lithium ion batteries overheating and smoldering. boeing ultimately redesigned the battery and its charger. wall street had trouble getting off the ground today. the dow jones industrial average lost 19 points to close at 15,335. the nasdaq fell two points to close at 3,496. those are some of the day's major stories. now, back to judy. >> woodruff: now to syria, where president bashar al assad's army has been trying to retake a strategically critical town near the lebanon border from rebels. the sounds of an unrelenting battle in the syrian border town of qusair could
apple says it is the largest tax payer in the u.s. at $6 billion and its strategies are legal. its ceo tim cook is expected to testify at a senate hearing tomorrow. boeing's new 787 dreamliner is airborne again in the u.s., four months after being grounded over battery issues. united airlines flew one of the new jets on a houston to chicago route this morning. the company said its dreamliners will resume international flights next month. in january, the worldwide fleet of 787's was grounded...
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they can't -- >> fair enough. >> they can't go after m taxes. i mean, a federal government with that kind of power and without restraint can do that. i mean, it's really giving an enormous amount of power. >> that's fair enough. if i could make one political point. usually-- and this is arguing against my point sort of-- the people, the voters more or less side with security. but following the i.r.s. scandal, following the other affairs, the justice department stuff, i think the politics of this may switch -- there may be more -- people may be more appalled by this program. >> woodruff: quickly to both of you. you both agree the media was right. the news organizations were right to report this once they found out? that that's not a violation. >> i do. >> woodruff: all right, let's move on to another announcement this week, david. the president announced that he's -- wants susan rice, the u.n. ambassador, to become his national security advisor. a woman who's been an his national security council staff masamantha power to be his u.n. ambassador.
they can't -- >> fair enough. >> they can't go after m taxes. i mean, a federal government with that kind of power and without restraint can do that. i mean, it's really giving an enormous amount of power. >> that's fair enough. if i could make one political point. usually-- and this is arguing against my point sort of-- the people, the voters more or less side with security. but following the i.r.s. scandal, following the other affairs, the justice department stuff, i think...
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but again when you're looking at a system where you get a tax credit based on your income to actually purchase those plans you can really see affordable options for the first time for a lot of young people who, a lot of young uninsured people are pretty low income. >> suarez: evan, aren't you making kind of a bet as a young worker that nothing terrible is going to happen to you if you are in a less than comprehensive plan because it's cheaper? >> i don't think so at all. there are far lower premiums. you might have some exposure to in costs but those insurance plans are good insurance plans that meet our budget and our needs. we don't see the doctors often and don't have many prescriptions as our parents and grandparents. it's not a bad deal for us to buy an insurance plan that doesn't have the gold-plated benefits that are meant for older sicker people when we're younger and healthier. the notion that within the exchange that that's not a bad deal for us, young invincibles themselves pushed back against the secretary during the obama care debate because they were looking for less of
but again when you're looking at a system where you get a tax credit based on your income to actually purchase those plans you can really see affordable options for the first time for a lot of young people who, a lot of young uninsured people are pretty low income. >> suarez: evan, aren't you making kind of a bet as a young worker that nothing terrible is going to happen to you if you are in a less than comprehensive plan because it's cheaper? >> i don't think so at all. there are...
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in their names, when they sought tax-exempt status. that followed revelations that the agency had zeroed in on groups with tea party or patriot in their names, when they sought tax-exempt status. in congress today, republicans welcomed miller's departure, but they said the investigations must continue. kentucky senator rand paul: >> someone needs to be held responsible. someone needs to be imprisoned. someone needs to be prosecuted. the resignation is a step in the right direction, but we need to find out who wrote this policy, who approved this policy, and they need to be held accountable. >> woodruff: back in the rose garden, the president also was pressed about the justice department's subpoena of phone records from the associated press. the seizures apparently were part of an investigation into leaks about a foiled terrorist plot. mr. obama voiced support for a new media shield law. but he said freedom of the press must be balanced against national security as well. >> when i've still got 60,000- plus troops in afghanistan and i've
in their names, when they sought tax-exempt status. that followed revelations that the agency had zeroed in on groups with tea party or patriot in their names, when they sought tax-exempt status. in congress today, republicans welcomed miller's departure, but they said the investigations must continue. kentucky senator rand paul: >> someone needs to be held responsible. someone needs to be imprisoned. someone needs to be prosecuted. the resignation is a step in the right direction, but we...
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that's like a thousand dollar tax hike. i assume most of you cannot afford that. >> brown: the president made a similar push last year before congress ultimately agreed to a one-year fix. that kept rates on federally subsidized stafford student loans from jumping from 3.4% to 6.8%. a year later, lawmakers from both parties are eager to avert the same hike but they're at odds over how. >> motion to reconsider is laid on the table. >> brown: last week, the republican-led house passed its answer: a bill that would avoid the impending rate increase but tie rates on future loans to treasury bonds and allow the rates to float with the market. house education and work force committee chairman john klein. >> we have an opportunity to provide students with more stability in the long run by putting an end to quick fixes and campaign promises and we have an opportunity to build upon common ground with the administration to advance a bipartisan solution that's a win for both students and taxpayers. >> brown: it's a plan not likely to p
that's like a thousand dollar tax hike. i assume most of you cannot afford that. >> brown: the president made a similar push last year before congress ultimately agreed to a one-year fix. that kept rates on federally subsidized stafford student loans from jumping from 3.4% to 6.8%. a year later, lawmakers from both parties are eager to avert the same hike but they're at odds over how. >> motion to reconsider is laid on the table. >> brown: last week, the republican-led house...
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now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he cn't adll that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it'sspre rlly across the country. not quite as strong as what's going on in some of the areas that collapsed like phoeni
now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he cn't adll that much into them. how important is that...
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to make certain that there are no problems in terms of their background, to pay a fine, to pay their taxes, and then they would be here in a probationary status where they could not be deported. they could work. and we watched them as a number of other things evolve and progress under the bill. border security leading to green cards, leading to citizenship. >> woodruff: we hear some advocacy organizations saying, wait a minute. even that level of requirement is going to be a disincentive. they're not going to want to sign up if they have to pay a fine and so forth. >> well, i'll tell you. that's going to be part of it. we believe that these people who have lived here for so many years in fear and have tried to make a best of their lives and the lives of their families are prepared to earn their way into legal status and to citizenship. and the argument that they would not pay a fine and such, i really think that will not be a major obstacle. we went through this with the deferred deportation under the dream act. almost 400,000 people came forward. they paid the amount that was necessary. >
to make certain that there are no problems in terms of their background, to pay a fine, to pay their taxes, and then they would be here in a probationary status where they could not be deported. they could work. and we watched them as a number of other things evolve and progress under the bill. border security leading to green cards, leading to citizenship. >> woodruff: we hear some advocacy organizations saying, wait a minute. even that level of requirement is going to be a disincentive....
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s ability to administer the tax laws in a fair and impartial manner, and they must be corrected. the agency stands ready to confront the problems that occurred, hold accountable those who acted inappropriately, be open about what happened, and permanently fix these problems so that such missteps do not occur again. >> holman: the committee also heard about lavish spending by the i.r.s. in recent years. a treasury department report being released tomorrow says the agency spent $50 million on more than 200 employee conferences between 2010 and 2012. attendees received perks, including baseball tickets and stays in presidential suites. it was widely reported this evening that the president has chosen washington lawyer patricia ann millet, law professor cornelia pole ard and federal district judge robert leon willkins. the announcement is expected tomorrow. senate republicans say the appeals court does not need more judges. apple went on trial today on charges that it broke federal anti-trust laws and conspired to drive up the price of electronic books. a federal prosecutor in new yo
s ability to administer the tax laws in a fair and impartial manner, and they must be corrected. the agency stands ready to confront the problems that occurred, hold accountable those who acted inappropriately, be open about what happened, and permanently fix these problems so that such missteps do not occur again. >> holman: the committee also heard about lavish spending by the i.r.s. in recent years. a treasury department report being released tomorrow says the agency spent $50 million...
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his economic package in 1993, the key to his entire first term, to his domestic program that raised taxes and cut the deficit, the day they voted, jeweledy, they were 18 votes short? the-in-the-house. sometimes you just have to roll the dice and say, okay, we're going to take a chance and people are going to come over. this is going to be a tough one to get because a war vote sticks with you for the rest of your career. make no mistake about it. in 2008, the out-party nomination for president was fought, and the winners' campaign was energized, barack obama, because joe biden and chris dodd and john edwards and hillary clinton all voted in 2002 to go to war against iraq. and it was unpopular. now, if you vote with barack obama in 2013, will it be the kiss of death in 2016 for the republicans? so i mean, it's a very, very politically-- politically it's incredibly thorny. >> historically, presidents have been able to rally public opinion and congressional opinion. i think that's much less true today, especially in washington. this is not that washington anymore where you had a whole bunch o
his economic package in 1993, the key to his entire first term, to his domestic program that raised taxes and cut the deficit, the day they voted, jeweledy, they were 18 votes short? the-in-the-house. sometimes you just have to roll the dice and say, okay, we're going to take a chance and people are going to come over. this is going to be a tough one to get because a war vote sticks with you for the rest of your career. make no mistake about it. in 2008, the out-party nomination for president...
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Jun 7, 2013
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and chris edwards, director of tax policy studies at the cato institute and editor of its downsizinggovernment.org website. welcome to you both. chris edwards, to you first. with millions of americans still unemployed, many of them still not earning, those who are employed, as much as they were average before, why is now the time to cut food stamps? >> well, i think we need to look at not just the food stamps but farm subsidies to cut. so i just wouldn't zero in on food stamps. there's a lot of cutting i think we need to do in this farm bill in general. >> woodruff: but the food stamps are the bulk of the farm bill. >> no, that's absolutely right. you look at the big picture, the cost of the food stamp program has roughly quadrupled over the last decades from about $20 million to about $80 billion today and the house republicans are thinking of cutting $2 billion of that. a couple of a percent. offer quadruple the size of a program, i think that's a reasonable cut, that small. >> woodruff: lori silverbush, what about this point that the program has grown so much why isn't it reasonable to begin to
and chris edwards, director of tax policy studies at the cato institute and editor of its downsizinggovernment.org website. welcome to you both. chris edwards, to you first. with millions of americans still unemployed, many of them still not earning, those who are employed, as much as they were average before, why is now the time to cut food stamps? >> well, i think we need to look at not just the food stamps but farm subsidies to cut. so i just wouldn't zero in on food stamps. there's a...
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Mar 21, 2013
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yesterday, the cypriot parliament rejected a bill to tax bank deposits. today, lawmakers crafted a plan "b." we have a report from jonathan rugman of "independent television news." >> reporter: why would the finance minister of a sun-kissedile be braving moscow's weather? because he's desperate for money. he came begging for around $5 billionuros d doesn't intend to leave without it. >> there were no offers, nothing concrete. we are continuing discussion. we are happy with a good beginning and looking forward to continuing this discussion over the next few hours. >> and while the cypriots have flown to russia, the russians have flown to cyprus. in a country where cash points still work, even if the banks behind them don't. these banks are not set to reopen until next tuesday. any dash for cash, and they could collapse. >> cyprus is facing on the economic side a question of survival. >> reporter: even the orthodox church has joined the scramble for a solution. the island's archbishop today told the president he would put the church's vast property portfoli
yesterday, the cypriot parliament rejected a bill to tax bank deposits. today, lawmakers crafted a plan "b." we have a report from jonathan rugman of "independent television news." >> reporter: why would the finance minister of a sun-kissedile be braving moscow's weather? because he's desperate for money. he came begging for around $5 billionuros d doesn't intend to leave without it. >> there were no offers, nothing concrete. we are continuing discussion. we are...